Crypto / Digital Assets

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    AML / KYC

    HKMA to Establish Regulatory Sandbox for Stablecoin Issuers

    By Sanday Chongo Kabange | 13/03/2024

    The HKMA will use the sandbox to communicate supervisory expectations and guidance on the issuance of fiat-referenced stablecoins in Hong Kong.

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    Crypto / Digital Assets

    Nigeria Detains Binance Execs After Inviting Them for Dialogue

    By Mark Johnston | 13/03/2024

    Two Binance executives have been detained in Nigeria following a visit to the country at the request of its government.

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    Crypto / Digital Assets

    Major FIs Conclude Blockchain Pilot on Canton Network

    By Editors | 13/03/2024

    Dozens of participating FIs settled transactions across 22 different permissioned blockchains that were connected to the Canton Network.

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    Crypto / Digital Assets

    UK FCA to Allow Recognised Exchanges to Offer Crypto ETNs

    By Editors | 12/03/2024

    The London Stock Exchange has already confirmed it will start accepting applications for Bitcoin and Ethereum ETNs in Q2 2024.

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    Big Picture

    INTERPOL Unveils Results of Global Fraud Risk Assessment

    By Editors | 12/03/2024

    The assessment specifically identifies Asia as being the “focal point” of pig butchering fraud schemes, especially in poorer countries across the region.

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    Crypto / Digital Assets

    Bankrupt BlockFi to Achieve Full Recovery for Customers

    By Editors | 11/03/2024

    BlockFi reached an agreement allowing it to recover $874.5mn from the estates of FTX and Alameda Research, subject to approval by a US bankruptcy judge.

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    Crypto / Digital Assets

    Indonesia OJK to Provide Boost to Financial Sector Innovation

    By Editors | 11/03/2024

    The new regulation refines the regulatory sandbox mechanism to add eligibility criteria and to allow testing in crypto asset products.

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    Enforcement

    Montenegro Approves Extradition of Do Kwon to South Korea

    By Mark Johnston | 11/03/2024

    Do Kwon now faces extradition to South Korea rather than the US after 23 March following a new court ruling.

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    Securities / Derivatives

    CFTC Publishes First-Ever US Taxonomy for Digital Assets

    By Editors | 11/03/2024

    The digital asset taxonomy is one of three recommendations advanced by the CFTC’s Global Markets Advisory Committee.

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    Capital / Liquidity

    Thai SEC Proposes Higher Capital Requirements for Crypto Firms

    By Editors | 10/03/2024

    Crypto exchanges would have to meet a minimum capital requirement of THB 100 million if they hold customer assets, up from THB 50 million currently.

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